Bill
Bill > A00542
NY A00542
NY A00542Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders between failed dissolution votes.
summary
Introduced
01/06/2021
01/06/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the private housing finance law, in relation to initiating a four-year moratorium on privatization voting by Mitchell-Lama building shareholders
AI Summary
This bill amends the Private Housing Finance Law to initiate a four-year moratorium on privatization voting by Mitchell-Lama building shareholders after a failed voluntary dissolution vote. Mitchell-Lama is a state-supervised affordable housing program in New York. The bill also allows local governments to enact laws that are not less restrictive than the moratorium, and specifies that the new provisions do not diminish the requirements of any other applicable laws.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
referred to housing (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A542 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00542&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00542 |
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